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Tuesday, July 12, 2011
Poniard Pharmaceuticals Inc., of San Francisco, adjourned its annual meeting until July 22 to get additional proxies to approve a reverse stock split in the range of 1-for-15 to 1-for-25 to regain compliance with Nasdaq's minimum $1 bid requirement. If the proposal isn't approved, the company said it could impact completion of its merger agreement with privately held Allozyne Inc., of Seattle.

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